Company Profile: ★ Shanghai Hongqiao Airport was built in 192 1 and rebuilt in 1950. 1998, Shanghai International Airport Co., Ltd. was established, mainly engaged in Hongqiao Airport. In the same year, the company was listed on the Shanghai Stock Exchange. In the same year, Shanghai Airport (Group) Co., Ltd. was established to manage Hongqiao Airport and Pudong Airport under construction. In 2004, Shanghai Airport will exchange assets with the group company and will mainly operate Pudong Airport. In 2022, Shanghai Airport purchased Hongqiao Airport from the group company. Today, the company is mainly engaged in air transportation ground services and other related businesses. The products provided are services.

Commercial license plate

★ In the first half of 2022, the company realized operating income of165438+66 million yuan, down 35.37% year-on-year. The net profit was-65.438+25.8 million yuan, down 69.77% year-on-year.

★ According to the company's revenue sources, the revenue related to air sorties is 423 million yuan, the revenue related to passenger and cargo mail is 1.5 1.00 million yuan, the revenue from commercial catering is 1.66 million yuan, and other non-aviation revenue is 426 million yuan.

business introduction

★ Airport revenue is generally divided into aviation revenue and non-aviation revenue.

★ Flight-related income in aviation income refers to the service fee for airlines to take off at the airport. Total revenue is proportional to the number of racks. In the first half of 2022, Pudong International Airport took off and landed 92,400 sorties, down 5 1.37% year-on-year.

★ Revenue related to passengers and cargo mail refers to the service fee for passengers boarding or cargo mail. In the first half of 2022, the passenger throughput was 5,742,900 passengers, down 68.53% year-on-year, and the cargo and mail throughput was 1.47. 2 1 10,000 tons, down 30.66% year-on-year.

★ Commercial catering income is mainly the rental income of duty-free shops and other businesses, which was the main source of income for the company in previous years. After the outbreak, it signed a supplementary agreement with Zhong Mian, China, and the rent was directly linked to the international passenger flow, resulting in a sharp drop in income. The revenue of this module was 65.438+66 billion yuan in the first half of 2022, and 2.774 billion yuan in the first half of 2065.438+09.

★ The last piece of other non-aviation income refers to ground transportation business, advertising fees, parking fees and so on. Also affected by the epidemic, the passenger flow dropped sharply. In the first half of 2022, the revenue was 426 million yuan, a year-on-year decrease of 65,438+07.07%.

Core executives

Feng Xin: 1966, born with a master's degree, is currently the chairman of Shanghai International Airport Co., Ltd., and Mr. Feng 1988 has joined the work. He has served as the general manager of Shanghai Aviation Holiday Travel Agency Co., Ltd., the deputy general manager of Shanghai Airlines Co., Ltd. and the secretary of the Disciplinary Committee. Party Secretary and General Manager of Shanghai Airlines Co., Ltd., General Manager and Deputy Secretary of Party Committee of China Eastern Airlines Co., Ltd.

Born in 1964, graduate degree, associate researcher, general manager and director of Shanghai International Airport Co., Ltd., Mr. Zhang joined the work in July of 1988, and has served as deputy director and director of the Urban Development Department of the Research Office of Shanghai Municipal Government. Assistant to the President of Shanghai Airport (Group) Co., Ltd., Deputy Secretary of the Party Committee and Secretary of the Disciplinary Committee of Shanghai International Airport Co., Ltd., Secretary of the Party Committee, Deputy General Manager and Director of Shanghai International Airport Co., Ltd.

Ownership structure: The ownership structure of the company is clear, and the actual controller is Shanghai SASAC.

Financial indicators: before the epidemic, the company's income grew steadily, and after the epidemic, the passenger flow decreased and the income dropped sharply. Before the epidemic, the company's Mao Lijiao was high, exceeding 50%, and it suffered losses for three consecutive years after the epidemic. The company's debt ratio in the first half of 2022 was 47.78%, mainly due to the implementation of the new lease accounting standards, and the lease fees to be paid for long-term leased assets were recognized as lease liabilities. With the decrease of passenger flow caused by the epidemic, the operating cash flow has fallen sharply.

Industry trend

★ The operating environment of civil aviation is complex and severe.

202 1 year is a year of special significance in the development of civil aviation. Faced with the overlapping influence of difficulties such as epidemic prevention and control, operating losses and safety pressure, the whole industry insists on striving for progress while maintaining stability, showing strong resilience in adversity, making overall plans for epidemic prevention and control and industry recovery and development, achieving success in difficulties and making progress in difficulties.

According to the statistics of major transportation production indicators in China, in 20021year, the total transportation turnover, passenger volume and cargo and mail volume of China civil aviation industry were 85.7 billion tons, 440 million passengers and 7.32 million tons, up by 7.3%, 5.5% and 8.2% respectively. In 20021year, the national airports realized 9.777 million flights, 907 million passengers and178.25 million tons, up by 8.0%, 5.9% and 10.9% respectively.

Since the beginning of this year, the international environment has become more complicated and severe, domestic epidemics have spread frequently, the adverse effects have obviously increased, and economic development is extremely unusual. Unexpected and unexpected factors brought serious impact, and the downward pressure on the economy increased significantly in the second quarter. The epidemic situation in COVID-19 has seriously affected the development of civil aviation, and the pressure of production and operation continues to increase, and the depth of the epidemic far exceeds expectations.

In the first half of 2022, the civil aviation industry faced an unprecedented difficult situation. Civil aviation transportation production has fallen into a trough, and the pressure on production and operation has continued to increase. The total transportation turnover of the whole industry is 29.34 billion ton-kilometers, the passenger traffic is 6.5438+0./kloc-0.80 billion person-times, and the cargo and mail transportation volume is 3.077 million tons, accounting for 46.7% and 36.7% of the same period in 2065.438+09 respectively.

★ Stabilize the development achievements and promote the industry to resume growth.

Based on the comprehensive judgment of the recovery trend of China's aviation market, the "14th Five-Year Plan" proposes to divide the development of civil aviation into two stages. 202 1-2022 is a recovery period and a savings period. To further consolidate and expand the achievements of epidemic prevention and control and civil aviation development, the key point is to do a solid job of "six stabilities" and fully implement the "six guarantees" task.

During this period, the development of civil aviation should focus on the long-term variables that restrict the development of civil aviation, make good use of the low-load period of the total civil aviation operation in the market recovery stage, accelerate the implementation of major projects, step up major reforms, rationally regulate the delivery of transportation capacity, stabilize support policies, accumulate development momentum, and promote the resumption of growth in the industry.

2023-2025 is the growth release period. The key point is to expand the domestic market, restore the international market, release the reform results, improve the level of opening up, focus on enhancing the kinetic energy of innovation and development, accelerate the improvement of capacity scale and quality and efficiency, and promote the high-quality development of civil aviation in all directions.

Knowledge refining

Aircraft take-off and landing sorties: refers to all the take-off and landing times of aircraft entering and leaving the port at the airport, including scheduled flights, non-scheduled flights, general aviation and all other flights. Take off and land once each.

Passenger throughput: refers to the number of passengers entering and leaving Hong Kong at the airport, calculated in person. Among them, adults and children are counted as one person, and infants are not counted.

Cargo and mail throughput: refers to the quantity of goods and mail entering and leaving Hong Kong, calculated in kilograms and tons. Among them, the goods include diplomatic bags and express mail.

Ground transportation: Civil aviation airport can be divided into three parts: flight area, terminal area and ground transportation area. The ground transportation system mainly connects the flight area and the waiting area.

Satellite Hall: The boarding hall is a part of the terminal building. Because the boarding gate is generally arranged in the form of satellite, it is also called satellite hall.

Airport runway: that is, the facilities in the airport for aircraft to take off and land. The material is usually asphalt or concrete, and the length is mostly over 3000 meters.

Airport Tower: The control tower is the facility to control air transportation. Air traffic controllers need to pay close attention to the status of every plane in the airport, connect the plane with the ground and send it to the sky.

Duty-free shop: refers to shops selling duty-free goods, which will be distributed in other areas such as airports. General merchandise imports need to pay customs duties, consumption taxes and value-added taxes. After these fees are exempted, the price of goods will be much cheaper. Duty-free shops are generally aimed at people going abroad and returning home.